This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $92,379 initial cash invested.
-14.65%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$2,794
Rent
-$1,128
Cashflow
Cash Flow
$2,794 income − $3,922 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,379
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,794
Total Expenses
$3,922
Mortgage P&I
81%
$2,268
Property Taxes
28%
$787
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0